shiv nadar university chennai

SHIV NADAR UNIVERSITY CHENNAI (State Private University established under the Shiv Nadar University Act, 2018)

RAJIV GANDHI SALAI (OMR), KALAVAKKAM - 603 110 TAMIL NADU

SCHOOL OF COMMERCE AND MANAGEMENT

DEPARTMENT OF COMMERCE

B Com Degree Program

Semester I

Sl. No.

Course Title Category L T P C

1 Financial Accounting-Principles & Practice-I CC 4 2 0 5

2 Commercial Law CC 3 2 0 4

3 Business Mathematics CC 4 2 0 5

4 Micro Economics GEC 3 0 0 3

5 Business Communication AEC 3 2 0 4

6 Extra Academic Activity AEA 0 0 0 1

Total 17 08 0 22

Full Syllabus

FINANCIAL ACCOUNTING-PRINCIPLES & PRACTICE-I

Course Category L T P C

CC 4 2 0 5

Course Objective

This introductory course teaches the basics of accounting including concepts, conventions and

standards. The students will become familiar with the accounting process and methods, accounting

treatment of special transaction like consignment, joint venture, and the mechanics of preparing the

financial statements of sole proprietorship and partnership.

Detailed Contents of Syllabus

Unit 1 Theoretical Framework: (5 lectures) Meaning and Scope of accounting, Concepts, Principles

and Conventions, Capital and revenue expenditure, Capital and revenue receipts, Contingent assets

and contingent liabilities Accounting Policies, Accounting as a Measurement Discipline - Valuation

Principles, Accounting Estimates, Accounting Standards - Concepts and Objectives, Indian

Accounting Standards - Concepts and Objectives, IFRS

Unit 2: Accounting Process and Concepts Related to Income Determination :( 9 lectures)

Voucher and Transactions: Source documents and Vouchers, Rules of Debit and Credit. Recording of

Transactions: Books of Original Entry- Journal, Special Purpose books: Cash Book: Simple, cash book

with bank column and petty cashbook, Purchase book, Sales book, Purchases return book, Sales

return book, Bank Reconciliation Statement: Need and preparation, Trial balance: Objectives and

preparation, preparation of trading, profit & loss account and Balance sheet of sole proprietorship

concerns. Books of Accounts, Preparation of Trial Balance, Rectification of Errors, preparation of

bank reconciliation statement

Unit 3: Depreciation Accounting and Inventory Valuation (10 Lectures)

Accounting for Plant Property and Equipment & Depreciation: Meaning of Depreciation, Depletion

and amortization, Objective and Methods of depreciation (Straight line, Diminishing Balance),

Change of Method, Inventory Valuation: Meaning, Significance of Inventory Valuation, Inventory

Record System-Periodic and Perpetual, Methods of Inventory Valuation-FIFO, LIFO and Weighted

Average Applicable accounting standards

Unit 4 Accounting for Hire Purchase and Instalment Systems (10 Lectures) Bills of exchange and

promissory notes, Accommodation bills; sale of goods on approval or return basis Features of

consignment business, Difference between sale and consignment, Accounting treatment for

consignment transactions and events in the books of consignor and consignee. Calculation of

interest, partial and full repossession, Hire purchase trading (total cash price

basis), stock and debtors’ system.

Unit 5 Preparation of Financial Statements: Sole Proprietorship and Partnership (30 lectures),

Elements of financial statements, Closing Adjustment Entries, Trading Account, Profit and Loss

Account and Balance Sheet of Manufacturing and Non-manufacturing entities. Final Accounts of Sole

Proprietors Partnership accounts: Fundamentals, Admission, Retirement and Death of a partner

(only an overview), Accounting for Dissolution of Partnership Firm: Dissolution of Partnership Firm

including Insolvency of partners, Gradual realization of assets and piecemeal payment of liabilities,

sale to a limited company

Course Outcome 1. Understand and appreciate the role of accounting concepts, conventions and

standards

2. Describe the process of accounting

3. Make a critical understanding of the preparation of accounts of special transactions

4. Prepare the financial statements of a firm

5. Prepare Partnership accounts

Suggested Readings

Books

Robert N Anthony, David Hawkins, Kenneth A. Merchant, Accounting: Text and Cases, McGraw-Hill

Education

Shukla M C, T.S. Grewal and S.C. Gupta. Advanced Accounts. Vol.-I. S. Chand & Co., New Delhi.

Tulsian, P.C. Financial Accounting, Pearson Education.

Charles T. Horngren and Donna Philbrick, Introduction to Financial Accounting, Pearson Education

Bhushan Kumar Goyal and HN Tiwari, Financial Accounting, International Book House

Goldwin, Alderman and Sanyal, Financial Accounting, Cengage Learning.

Deepak Sehgal. Financial Accounting. Vikas Publishing H House, New Delhi.

Maheshwari S N, and. S. K. Maheshwari. Financial Accounting. Vikas Publishing House, New Delhi.

Monga J R, Financial Accounting: Concepts and Applications. Mayur Paper Backs, New Delhi

Murugadoss etall, Financial Accounting, Vijay Nicole Imprints, Chennai

Parthasarathy, S. & Jaffarulla, A. Financial Accounting, Kalyani Publishers, New Delhi.

Reddy, T.S & Murthy, A. Financial Accounting, Margham Publications, Chennai.

Study materials etc

Compendium of Statements and Standards of Accounting, The Institute of Chartered Accountants of

India, New Delhi

Study material of the ICAI

COMMERCIAL LAW


CC 3 2 0 4

Course Objective

The objective of the course is to teach the students the key provisions of relevant business laws

including the Indian Contract Act, 1872, Sale of Goods Act, 1930, Limited Liability Partnership Act,

2008, the Negotiable Instruments Act,1881 and the basics of Indian Companies Act, 2013

Detailed contents of the syllabus

Unit 1 Indian Contract Act, 1872: Definitions - Contract - Essentials of a valid contract- Classification

of contracts - Offer - Legal rules of an offer - Acceptance - Legal rules as to acceptance -

Communication of offer, Acceptance and Revocation - Consideration - Legal Rules as to

Consideration - Capacity to Contract - Free Consent - Coercion - Undue Influence Fraud -

Misrepresentation – Mistake. Special Contracts: Contract of Indemnity and Guarantee - Contract of

Indemnity versus Contract of Guarantee - Kinds of Guarantee - Rights of Surety - Discharge of Surety.

Unit 2 Bailment and Contract of Agency and Negotiable Instruments Act,1881: Bailment and

Pledge: Requisites of bailment - Classification of Bailment - Duties and Rights of Bailor and Bailee -

Law relating to Lien - Types of Lien - Termination of Bailment - Pledge -Essentials of Pledge - Pledge

versus Bailment - Rights and Duties of Pawnor and Pawnee. Essentials of Agency - Rules of Agency -

Creation of Agency - Classification of Agents - Duties and Rights of Agent - Duties and Rights of

Principal - Sub-agent - Personal Liability of Agent -Termination of Agency. General Clauses Act and

Interpretation os statutes

Unit 3 The Sale of Goods Act, 1930: Definitions - Essentials of a Contract of Sale - Sale Vs Agreement

to Sell -Sale Vs Hire Purchase Agreement - Classification of Goods - Conditions and Warranties -

Express and Implied Conditions and Warranties - Delivery of Goods - Rules as to Delivery of Goods -

Rights and Duties of the Buyer - Unpaid Seller - Rights of an Unpaid Seller against the goods.

Unit 4: Negotiable Instruments Act, 1881: Meaning of Negotiable Instruments, Characteristics,

Classification of Instruments, Different provisions relating to Negotiation, Negotiability, Assignability,

Right and Obligation of parties, presentment of Instruments, Rules of Compensation

Unit 5 The Limited Liability Partnership (LLP) Act, 2008: Definitions - Origin - LLP in India - Salient

features of LLP - Difference between LLP and Partnership - LLP Versus Company - LLP agreement -

Nature of LLP - Partners and designated partners and their relations - Incorporation document -

Incorporation - Registered office of LLP - Advantages and Disadvantages of LLP.

Course Outcome

After completion of the course, student will be able to:

Appreciate the important provisions of the Indian Contract Act, 1872 relating to offer and

acceptance and special contracts

Grasp the significance of the provisions of the Indian Contract Act, 1872 as relating to

bailment and contract of agency

Get an understanding of the key provisions of the Negotiable Instruments Act,1881

Have a good understanding of the provisions of Sale of Goods Act, 1930

Know the main provisions of Limited Liability Partnership Act, 2008

Suggested Readings

Chadha, P.R. Business Law. Galgotia Publishing Company, New Delhi

Maheshwari & Maheshwari. Business Law. National Publishing House, New Delhi.

Singh, Avtar. The Principles of Mercantile Law. Eastern Book Company, Lucknow

Tulsian, P.C. Business Law. Tata McGraw Hill, New Delhi.

Shanna, J.P., and Kanojia, Sunaina. Business Laws. Ane Books Pvt. Ltd., New Delhi.

Sharma, J.P. An Easy Approach to Corporate Laws. Ane Books Pvt. Ltd., New Delhi

Information Technology Rules 2000 with Information Technology Act 2000, Taxmann

Publications Pvt. Ltd., New

BUSINESS MATHEMATICS


CC 4 2 0 5

Course Objective

The purpose of this course is to enable the students to learn basics of mathematics as applicable to

business and finance, including time value of money and differential and integral calculus.


Unit 1 Ratio and Proportion, Indices and Logarithms: Ratio and Proportion (Business Applications

related to Ratio and Proportion) - Laws of Indices - Exponents and Logarithms - Anti-Logarithms

Equations and Matrices: Equations: Simultaneous linear equations up to three variables, Quadratic

and Cubic equations in one variable - Matrices: Algebra of Matrices, Inverse of a Matrix and

determinants, solving system of equations by Cramer's Rule (involving not more than three

variables).

Unit 2 Time value of Money: Simple Interest - Compound interest - Depreciation - Effective Rate of

Interest -Present Value - Net Present Value - Future Value - Perpetuity - Annuities - Sinking Funds -

Valuation of Bonds - Calculations of Returns Nominal Rate of Return - Effective Rate of Return -

Compound Annual Growth Rate (CAGR).

Unit 3 Permutations and Combinations: Basic concepts of Permutations and Combinations:

Introduction, Factorial, Permutations results, Circular Permutations, Permutations with restrictions,

Combinations with standard results Sequence and Series: Introduction Sequences, Series, Arithmetic

and Geometric progression, Relationship between AM and GM and Sum of n terms of special series

Unit 4 Differential Calculus: Function, Mathematical Models: A Catalog of Essential Functions, New

Functions from Old Functions, Limits and Rates of Change, The Limit of a Function Calculating Limits

Using the Limit Laws ,Continuity, Derivatives , Derivatives and Rates of Change , The Derivative as a

Function, Differentiation Formulas Derivatives of Trigonometric Functions, The Chain Rule, Implicit

Differentiation, Rates of Change in the Natural and Social Sciences, Related Rates Linear

Approximations and Differentials, Inverse Functions, Exponential Functions and Their Derivatives

Logarithmic Functions, Derivatives of Logarithmic Functions Exponential Growth and Decay

Indeterminate Forms and L'Hospital's Rule, Applications of Differentiation-Maximum and Minimum

Values, The Mean Value Theorem How Derivatives Affect the Shape of a Graph Limits at Infinity;

Horizontal Asymptotes Summary of Curve Sketching Graphing with Calculus and Calculators

Optimization Problems, Newton's Method

Unit 5 Integral Calculus: Antiderivatives, Integrals- Areas and Distances the Definite Integral the

Fundamental Theorem of Calculus Indefinite Integrals and the Net Change Theorem The Substitution

Rule

Course Outcome


• Compute ratio and proportion

• Compute time value of money and CAGR

• Gain knowledge of permutations and combinations

• Know how to use differential calculus in economic and business

decisions

• Gain an understanding of integral calculus

Suggested Readings

Anthony, M., and Biggs, N. Mathematics for Economics and Finance. Cambridge University Press

Sydsaeter and P. Hammond, Mathematics for Economic Analysis, Pearson Educational Asia, Delhi

Mizrahi and Sullivan, John. Mathematics for Business and Social Sciences. Wiley and Sons

Ayres, Frank Jr. Theory and Problems of Mathematics of Finance. Schaum’s Outlines Series.

McGraw Hill Publishing

Dowling, E.T. Mathematics for Economics, Schaum's Outlines Series. McGraw Hill Publishing

Narayan, Shanti and Mittal P.K. Differential Calculus – S Chand

Narayan, Shanti and Mittal P.K. Integral Calculus – S Chand

Prasad, Bindra., and Mittal, P.K. Fundamentals of Business Mathematics. Har-Anand

Publications

Soni, R.S. Business Mathematics. Pitambar Publishing House

Vohra, N.D. Quantitative Techniques in Management. Tata McGraw Hill Publishing Company

MICRO ECONOMICS


GEC 3 0 0 3

Course Objective

The purpose of the course is for students to develop an understanding of the concepts and

theories in Microeconomics and apply such concepts and theories to simple problem solving.

Detailed contents of syllabus

Unit 1 Introduction: Nature and scope of economics - Methodology in economics - Choice as an

economic problem - basic postulates - Role of price mechanism - Demand and supply - Basic

framework - applications - Market equilibrium.

Unit 2 Consumer’s Behaviour: Utility: Cardinal and ordinal approaches - Indifference curve -

Consumer’s equilibrium (Hicks and Slutsky) - Giffin goods - Compensated demand - Elasticity of

demand - Price, income and cross - Consumer’s surplus - Engel curve.

Unit 3 Theory of Production and Costs: Production decisions - Production function - Iso-quant -

Factor substitution - law of variable proportions - returns to scale - economies of scale - Different

concepts of cost and their interrelation - Equilibrium of the firm - Expansion path - Empirical

evidence on costs.

Unit 4 Factor Pricing: Marginal productivity theory of distribution - Theories of wage determination -

Wages and collective bargaining - Wage differentials - Rent - Scarcity rent - Differential rent - Quasi

rent - Interest - Classical and Keynesian theories - Profits - Innovation, risk and uncertainty theories.

Unit 5 Market Structure: Market forms - Perfect and imperfect markets - Equilibrium of a firm -

Perfect competition, monopoly and price discrimination - Measure of monopoly power -

Monopolistic competition - Duopoly, Oligopoly - Taxation and equilibrium of a firm - Notion of

controlled and administered prices

Course Outcome


• Develop a detailed understanding on the basics of economics including the role

of price mechanism and market equilibrium

• Gain an understanding of the consumer behaviour, demand and supply and the

market structures

• Develop the knowledge of how price movement occurs in the market

• Explain the theory of the firm

• Get a fair understanding of the different types of market structure

Suggested Readings

Gregory N Mankiw, Principles of Micro Economics, Cengage Learning

Henderson J. and R.E. Quandt, Microeconomic Theory: A Mathematical Approach, McGraw Hill, New

Delhi

Paul A Samuelson, William D Nordhaus, Microeconomics, McGraw-Hill Education.

Pindyck, R.S., D. L. Rubinfeld and P. L. Mehta; Microeconomics, Pearson Education.

Salvatore, D. Schaum’s Outline: Microeconomic Theory, McGraw-Hill, Education.

Snyder C, Microeconomic Theory: Basic Principles and Extensions, Cengage Learning

Case and Fair, Principles of Micro Economics, Pearson Education

Koutsiyannis, Modern Micro Economic Theory.

Maddala G.S. and E. Miller; Microeconomics: Theory and Applications, McGraw-Hill Education

Amit Sachdeva, Micro Economics, Kusum Lata Publishers Bach, G.L, Economics, Prentice Hall of India,

New Delhi.

Bilas, Richard A., Microeconomics Theory: A Graphical Analysis, McGraw-Hill Education.

BUSINESS COMMUNICATION


AEC 3 2 0 4

Course Objective

The course aims at enhancing reading comprehension and writing skills of the students. Nuances of

drafting business letters and reports. Written and oral presentation of cases, articles and reports

will also be taught.


Unit 1: Introduction: Nature of Communication, Process of Communication, Types of

Communication (verbal & Non Verbal), Importance of Communication, Different forms of

Communication Barriers to Communication Causes, Linguistic Barriers, Psychological Barriers,

Interpersonal Barriers, Cultural Barriers, Physical Barriers, Organizational Barriers

Unit 2: Reading, Comprehension and Vocabulary: Short and simple passages from the prescribed

books These texts are to be used to enhance reading and comprehension skills of learners through

various textual tasks, identifying central ideas, supplying alternative titles, attempting short

comprehension questions, Vocabulary enhancement

Unit 3: Writing: the structure of a paragraph; write a short guided composition. These skill is to be

practised through activities such as supplying topic sentences to given paragraphs, completing

given paragraphs, expressing given facts or information from tables and expressing it in paragraphs,

re-ordering jumbled sentences, and then re-writing them as connected paragraphs, using suitable

linking devices etc Writing from different points of view of the same event / situation Business

reports, Types, Characteristics, Importance, Elements of structure, Process of writing, Order of

writing, the final draft, check lists for reports.

Unit 4: Business Correspondence: Letter Writing, presentation, inviting quotations, sending

quotations, placing orders, inviting tenders, Sales letters, claim & adjustment letters and social

correspondence, Memorandum, inter office Memo, Notices, Agenda, Minutes, Job application

letter, preparing the Resume.

Unit 5: Presentation and Speaking: Importance, Characteristics, Presentation Plan, Power point

presentation, Visual aids. Speaking: Public Speaking (debates, extempore, just a minute) Listening:

Listening to eminent voices of one's choice (in or outside the class, followed by a discussion in the

class)

Course Outcome


Understand the basics of communication

Appreciate the significance vocabulary

Understand the basics of writing

Write business letters, Draft business reports and other correspondence

Prepare and make presentations

Suggested Readings

Raymond V. Lesikar, Marie E. Flatley, Kathryn Rentz, Paula Lentz, and Neerja Pande, Business

Communication: Connecting in a Digital World (SIE), McGraw Hill Education

Singha K K, Business Communication, Taxman’s

Bovee, and Thill, Business Communication Essentials, Pearson Education

Dona Young, Foundations of Business Communication: An Integrative Approach, McGraw Hill

Education

Madhukar R K, Business Communication, Vikas publications

Herta A Murphy, Herbert W Hildebrandt, Jane P. Thomas, Effective Business Communication (SIE),

McGraw Hill Education

Locker and Kaczmarek, Business Communication: Building Critical Skills, McGraw Hill Education

Shirley Taylor, Communication for Business, Pearson Education

Manohar, 'Oral Communication: Speech Patterns' A Foundation English Course for Undergraduates:

Reader I, Delhi: Oxford University Press

Manohar, A Foundation English Course for Undergraduates: Workbook I, Delhi: Oxford University

Press

Department of English, University of Delhi, Everyday English: Pearson, 2005

Shirley Taylor, Communication for Business, Pearson Education

EXTRA ACADEMIC ACTIVITY


AEA 0 0 0 1

A student shall earn 1 credit in semester I under this course category. The credit may be

earned by a student by involving in a variety of student-related activities which may include

NSS, NCC, cultural activity, sporting, Commerce Club activities, Essay writing, oratorical

competition, quiz competition, community activity, etc

Semester II

Sl. No.

Course Title Category L T P C

1 Financial Accounting-Principles & Practice-II CC 3 2 0 4

2 Cost & Management Accounting CC 4 2 0 5 3 Probability and Statistics CC 3 2 0 4

4 Macro Economics GEC 3 0 0 3

5 Computer Applications in Business SEC 3 0 2 4

6 Company Law GEC 3 2 0 4

7 Extra Academic Activity AEA 0 0 0 1

Total 19 08 02 25

Full Syllabus

FINANCIAL ACCOUNTING-PRINCIPLES & PRACTICE: II


CC 3 2 0 4

Course Objective

To acclimatize the students with the mechanics of preparing the financial statements of a firm and a

body corporate


Unit 1: Accounting for Special Transactions: (4 Lectures) Joint ventures- Meaning and Features of

joint venture transactions, Distinction between joint venture and partnership, Methods of

maintaining joint venture accounts. Royalty accounts Definition of the term “Royalty” and

Accounting Treatment thereof. Meaning, Calculation of average due date in various situations.

Meaning of Account Current, Methods of preparing Account Current

Unit 2: Accounting for Inland branches:( 4 lectures) Concept of dependent branches; accounting

aspects; debtors’ system, stock and debtors’ system, branch final accounts system and whole sale

basis system. Independent branches: concept-accounting treatment: important adjustment entries

and preparation of

consolidated profit and loss account and balance sheet

Unit 3: Accounting for Limited Liability Partnership & Non-Profit Organization :(4 lectures)

Introduction to LLPs and Distinction of LLPs from Partnership, Financial Statements of LLP. Financial

Statements of Not-for-Profit Organizations - Significance of Receipt and Payment Account, Income

and Expenditure Account and Balance Sheet, Difference between Profit and Loss Account and

Income and Expenditure Account. Preparation of Receipt and Payment Account, Income and

Expenditure Account and Balance Sheet

Unit 4: Introduction to Company Accounts (24 lectures) Definition of shares and debentures, Issue

of shares and debentures, forfeiture of shares, re-issue of forfeited shares Statement of Profit and

Loss and Balance Sheet as per Schedule III to the Companies Act, 2013. Basic Accounting Ratios

(profitability, solvency, liquidity and turnover

Unit 5: Introduction to Computerized Accounts:(12 lectures) Computerized Accounting System:

Computerized accounts by using any popular accounting software: Creating a company; Configure

and Features settings; Creating Accounting Ledgers and Groups, Creating Stock Items and Groups;

Vouchers Entry; Generating Reports – Cash Book, Ledger Accounts, Trail Balance, Profit and Loss

Account, Balance Sheet, Funds Flow Statement, Cash Flow Statement, Selecting and Shutting a

Company; Backup and Restore of Data of a Company

Course Outcome


Understand the accounting for special transactions

Describe the accounting for Inland branches

Prepare financial statements of LLP and non-profit organizations

Gain an understanding of Company accounts

Prepare accounts in computerized environment

Suggested Readings

Books

Robert N Anthony, David Hawkins, Kenneth A. Merchant, Accounting: Text and Cases, McGraw-Hill

Education

Shukla M C, T.S. Grewal and S.C. Gupta. Advanced Accounts. Vol.-I. S. Chand & Co., New Delhi.

Tulsian, P.C. Financial Accounting, Pearson Education.

Charles T. Horngren and Donna Philbrick, Introduction to Financial Accounting, Pearson Education

Bhushan Kumar Goyal and HN Tiwari, Financial Accounting, International Book House

Goldwin, Alderman and Sanyal, Financial Accounting, Cengage Learning.

Deepak Sehgal. Financial Accounting. Vikas Publishing H House, New Delhi.

Maheshwari S N, and. S. K. Maheshwari. Financial Accounting. Vikas Publishing House, New Delhi.

Monga J R, Financial Accounting: Concepts and Applications. Mayur Paper Backs, New Delhi

Murugadoss etall, Financial Accounting, Vijay Nicole Imprints, Chennai

Parthasarathy, S. & Jaffarulla, A. Financial Accounting, Kalyani Publishers, New Delhi.

Reddy, T.S & Murthy, A. Financial Accounting, Margham Publications, Chennai.

Study materials etc

Compendium of Statements and Standards of Accounting, The Institute of Chartered Accountants of

India, New Delhi

Study material of the ICAI

COST AND MANAGEMENT ACCOUNTING


CC 4 2 0 5

Course Objective

The objective of the course is to develop an understanding of the basic concepts and applications to

establish the cost associated with the production of products and provision of services and apply the

same to determine prices. In addition, the course aims at developing an understanding of cost

accounting statements and the ability to able to apply cost information for cost ascertainment,

planning, control and decision making.

Detailed Contents of syllabus

Unit 1 Overview of Cost and Management Accounting: Objectives and Scope of Cost and

Management Accounting - Users of Cost and Management accounting information, Functions and

role of management accounting. Installation of Costing System Relationship of Cost Accounting,

Financial Accounting, Management Accounting and Financial Management. Cost terms and

Concepts Cost Reduction and Cost Control Elements of Costs Cost behavior pattern, Separating the

components of fixed, variable, semi-variable and step costs. Methods of Costing, Techniques of

Costing. Cost Accounting with use of Information Technology

Unit 2 Elements of Cost and preparation of Cost Sheets: Functional classification and ascertainment

of cost Preparation of Cost Sheets for Manufacturing sector and for Service sector Ascertainment

of Cost and Cost Accounting System - Material Cost: Procurement procedures- Store procedures and

documentation in respect of receipts and issue of stock, Stock verification, Valuation of material

receipts, Inventory control Techniques of fixing level of stocks- minimum, maximum, re-order point,

safety stock, determination of optimum stock level, Determination of Optimum Order quantity-

Economic Order Quantity (EOQ), Techniques of Inventory control- ABC Analysis, Fast, Slow moving

and Non-moving (FSN), High, Medium, Low (HML), Vital, Essential, Desirable (VED), Just-in-Time

(JIT)- Stock taking and perpetual inventory system, use of control ratios, Inventory Accounting

Consumption- Identification with products of cost centres, Basis for consumption entries in financial

accounting, monitoring consumption - Employee Cost: Attendance and Payroll procedures -

Elements of wages- Basic pay, Dearness Allowance, Overtime, Bonus, Holiday and leave wages,

Allowances and perquisites. Employee Cost Control Employee Turnover- Methods of calculating

employee turnover, causes of employee turnover, effects of employee turnover. Utilisation of

Human Resource, Direct and indirect employee Cost, charging of employee cost, Identifying

employee hours with work orders or batches or capital jobs. Remuneration systems and incentive

schemes Time Rate System, Piece Rate System, Differential piece rate system, Calculation of wages,

Effective Wages - Direct Expenses Direct Expenses Nature of Direct or Chargeable expenses. Sub-

contracting- Control on material movements, Identification with the main product or service.

Unit 3 Overheads: Functional analysis- Factory, Administration, Selling, Distribution, Research and

Development. Behavioral analysis- Fixed, Variable and Semi- Variable. Allocation and Apportionment

of overheads using Absorption Costing Method - Factory Overheads- Primary and secondary

distribution, Administration Overheads- Method of allocation to cost centres or products, Selling&

Distribution Overheads- Analysis and absorption of the expenses in products/ customers, impact of

marketing strategies, cost effectiveness of various methods of sales promotion. Treatment of

Research and development cost in cost accounting - Concepts of Activity Based Costing (ABC) and

Recording and Accounting of Costs: Non-integrated Cost Accounting system- Ledger under non-

integral system Integrated (Cost and Financial) Accounting system- Ledgers under integral system.

Difference between the Non- integrated and Integrated Accounting system. Reconciliation of profit

as per Cost and Financial Accounts (under Non-Integrated Accounting System)

Unit 4 Methods of Costing: Job Costing: Job cost cards and databases, collecting direct costs of each

job, attributing overheads to jobs, Application of job costing. Batch Costing: Determination of

optimum batch quantity, Ascertainment of cost for a batch, Preparation of batch cost sheet,

Treatment of spoiled and defective work. Contract Costing Ascertainment of cost of a contract,

Progress payment, Retention money, Escalation clause, cost plus contract, Value of work certified,

Cost of Work not certified. Determination Value of work certified, cost of work not certified,

Notional or Estimated profit from a contact. Process / Operation Costing Process cost recording,

Process loss, Abnormal gains and losses, Equivalent units of production, process profit, Valuation of

work in process. Joint Products- Apportionment of joint costs, Methods of apportioning joint cost

over joint products, By-products- Methods of apportioning joint costs over by-products, treatment

of By-product cost. Costing of Service Sectors Determination of Costs and Prices of services of

following sectors/ Industries: Transport, Toll roads, Hospitals, Canteen/ Restaurants, Hotels/ Lodges,

Educational Institutions, Financial Institutions/ Banks, Insurance, IT sector and other services

Unit 5 Cost Control and Analysis: Standard Costing Setting up of Standards, Types of Standards,

Standard Costing as method of performance measurement. Calculation and Reconciliation of Cost

Variances- Material Cost Variance, employee Cost Variance, Variable Overheads Variance and Fixed

Overhead Variance. Marginal Costing: Basic concepts of marginal costing, Contribution margin,

Break-even analysis, Break –even and profit volume charts, Contribution to sales ratio, Margin of

Safety, Angle of Incidence, Cost-Volume-Profit Analysis (CVP), Multi- product break- even analysis,

Consideration of Limiting factor (key factor) - Determination of Cost of a product/ service under

marginal costing method, determination of cost of finished goods, work-in-progress, Comparison of

Marginal costing with absorption costing method- Reconciliation of profit under the both methods,

Short term decision making using the above concepts (basic / fundamental level).

Course Outcome


Get a significant understanding of the cost concepts, element of cost

Demonstrate the capability to prepare cost sheets with proper

understanding of the various elements of costs

Compute overhead cost

Develop cost statement under various methods of costing

Calculate and analyse variances

Suggested Readings

Books

Charles T. Horngren, Srikant M. Datar, Madhav V. Rajan , Cost Accounting: A Managerial

Emphasis, Pearson Education

Drury, Colin. Management and Cost Accounting. Cengage Learning

Arora, M.N. Cost Accounting – Principles and Practice. Vikas Publishing House, New Delhi

Iyengar, S.P. Cost Accounting. Sultan Chand & Sons

Jain, S.P. and K.L. Narang. Cost Accounting: Principles and Methods. Kalyani Publishers

Jawahar Lal, Cost Accounting. McGraw Hill Education

Maheshwari, S.N. and S.N. Mittal. Cost Accounting: Theory and Problems, Shri Mahavir Book

Depot, New Delhi.

Murthy A and Gurusamy S, Cost Accounting, Vijay Nicole Imprints, Chennai

Nigam, B.M. Lall and I.C. Jain. Cost Accounting: Principles and Practice. PHI Learning

Rajiv Goel, Cost Accounting. International Book House

Singh, Surender. Cost Accounting, Scholar Tech Press, New Delhi.

Study Material

Study material of ICAI and ICWAI

PROBABILITY AND STATISTICS


CC 3 2 0 4

Course Objective

This course teaches the students fundamentals of statistics covering statistical description data,

measures of central tendency, dispersion, theoretical distributions of random variables and

probability.


Unit 1 Statistical description of Data: Statistical Representation of Data, Diagrammatic

representation of data, Frequency distribution, Graphical representation of Frequency Distribution

-Histogram, Frequency Polygon, Ogive, Pie-chart

Unit 2 Measures of Central tendency and Dispersion: Measures of Central Tendency and

Dispersion: Mean, Median, Mode, Mean Deviation, Quartiles and Quartile Deviation, Standard

Deviation, Co-efficient of Variation, Coefficient of Quartile Deviation.

Unit 3 Theory of Probability: Introduction - Definition of probability - terminology used in

probability theory, counting techniques, combinations and permutations, rules of probability,

conditional probability, solving problems on probability

Unit 4 Theoretical Distributions: Discrete and continuous random variables, Theoretical

Distributions: Binomial Distribution, Geometric distribution, Poisson distribution - Basic

applications and Normal Distribution Basic applications.

Unit 5 Probability: Probability Conditional probabilities, Independent and dependent events -

mutually exclusive events - Total and Compound Probability and Mathematical Expectation,

Normal Distribution Area under the normal distribution Central limit theorem, Normal Probability

Distributions and Applications, Normal Approximation to the Binomial, Continuity Correction

Factor

Course Outcome


Know how to represent data through charts, diagrams and graphs

Know how to compute various measures of central tendency and dispersion

Gain knowledge of the use of probability

Know about theoretical distributions

Gain an understanding about probability

Suggested Readings

Anderson, Sweeney, and Williams, Statistics for Students of Economics and Business, Cengage

Learning

Bowerman, Bruce L; O'Connell, Richard T. and Murphree, Emilly S. Business Statistics in Practice,

McGraw Hill India

David M. Levine, Mark L. Berenson, Timothy C. Krehbiel, P. K. Viswanathan, Business Statistics: A

First Course, Pearson Education

Jay L. Devore, Probability and Statistics for Engineers, Cengage Learning

Levin, Richard, David S. Rubin, Sanjay Rastogi, and HM Siddiqui. Statistics for Management, Pearson

Education

Murray R Spiegel, Larry J. Stephens, Narinder Kumar. Statistics (Schaum’s Outline Series), McGraw

Hill Education.

Siegel Andrew F. Practical Business Statistics. McGraw Hill Education.

Gupta, S.P., and Archana Agarwal. Business Statistics, Sultan Chand and Sons, New Delhi.

Gupta, S.C. Fundamentals of Statistics. Himalaya Publishing House.

Holmes, Lex Introductory Business Statistics Open Text Book Library

https://open.umn.edu/opentextbooks/textbooks/509

Vohra N. D., Business Statistics, McGraw Hill Education.

https://open.umn.edu/opentextbooks/textbooks/509

MACROECONOMICS


GEC 3 0 0 3

Course Objective

The purpose of the course is to introduce the students the basic concepts of the macro economics

and critical derivation of aggregate demand and supply and simple Keynesian model. They will also

study about inflation and unemployment and theories of economic growth.

Detailed Contents of syllabus

Unit 1 Introduction to Macroeconomics and National Income Accounting: Basic issues studied in

macroeconomics - measurement of gross domestic product - income, expenditure and the circular

flow - real versus nominal GDP - price indices - national income accounting for an open economy -

balance of payments: current and capital accounts.

Unit 2 The Closed Economy in the Short Run: Derivation of aggregate demand and aggregate and

supply curves - interaction of aggregate demand and supply - Classical and Keynesian systems -

simple Keynesian model of income determination - ISLM model - fiscal and monetary multipliers.

Unit3 Inflation, Unemployment and Expectations: Phillips curve - adaptive and rational

expectations - policy ineffectiveness debate.

Unit 4 Open Economy Models: Short-run open economy models - Mundell-Fleming model -

exchange rate determination, purchasing power parity - asset market approach - Dornbusch's

overshooting model - monetary approach to balance of payments - international financial markets.

Unit 5 Economic Growth: Harrod-Domar model - Solow model - golden rule - technological progress

and elements of endogenous growth. Consumption: Keynesian consumption function - Fisher ‘s

theory of optimal intertemporal choice - life-cycle and permanent income hypotheses - rational

expectations and random-walk of consumption expenditure. Investment: determinants of business

fixed investment; residential investment and inventory investment - Demand for money.

Course Outcome


• Understand various concepts and theories in macro-economics and apply such

concepts and theories in simple problem solving

• Understand how aggregate demand and supply works and understand the

Keynesian system

• Appreciate the policy implications of inflation and unemployment

• Critically evaluate the functioning of open economy models

• Grasp the significance of different models of economic growth

Suggested Readings

Gregory N Mankiw, Principles of Macroeconomics, Cengage

Ackley, G, Macroeconomics: Theory and Policy, Macmillan Publishing Company,

Andrew B. Abel and Ben S. Bernanke, Macroeconomics, Pearson Education, Inc

Dornbusch, Fischer and Startz, Macroeconomics, McGraw Hill

Errol D‘Souza, Macroeconomics, Pearson Education, New York.

Olivier Blanchard, Macroeconomics, Pearson Education, Inc.

Richard T. Froyen, Macroeconomics, Pearson Education Asia

Paul Krugman and Robin Wells, Macroeconomics, Macmillan

COMPUTER APPLICATIONS IN BUSINESS


SEC 3 0 2 4

Course Objective

The purpose of the course is to impart knowledge on the basic concepts of information system and

data base and the working of the automated business process, and the architecture for E-

Commerce and M-Commerce. This course also teaches the use of business productivity software.

Detailed contents of the syllabus

Unit 1 Introduction to information systems and database concepts: Information System - Define -

Differentiate Data, Information and Knowledge - Role of Information Systems - Information

Technology - Business Processes- Digitalization –Strategic Information Systems - IS and Competitive

Advantage - Types of IS – Transaction Processing Systems - Management Information Systems-

Decision Support Systems -Executive Support System - Enterprise Resource Planning - Database

Fundamentals - Traditional File Approach– DBMS - RDBMS- Designing Databases – Normalization -

ER Diagram–SQL Query - Big Data - Data Warehouses and Data Mart. - Knowledge Management -

Concept and Definition - Knowledge Management Value Chain - Types of Knowledge Management

Systems - Intelligent Techniques

Unit 2 Automated Business Processes: Introduction to Enterprise Business Processes, Benefits, Risks

and Controls; Diagrammatic representation of business processes using Flowcharts; Risks and

controls for specific business processes: Procure to pay (P2P), Order to cash, Inventory Cycle, Hire to

Retire, Supply Chain Management, Fixed Assets etc - Applicable regulatory and compliance

requirements including computer related offences, privacy, cybercrime, Sensitive Personal Data

Information of Information Technology Act, 2000

Unit 3 Financial and Accounting Systems: Integrated (ERP) and non-integrated systems with related

risks and controls; Business process modules and their integration with Financial and Accounting

systems - Reporting Systems and MIS, Data Analytics and Business Intelligence - Business Reporting

and fundamentals of XBRL (Extensible Business Reporting Language) - Applicable regulatory and

compliance requirements

Unit 4 E-commerce, M-commerce and Emerging Technologies: Components and Architecture of E-

Commerce and M Commerce with related risks and controls - Business process flow with its related

risks and controls -Applicable regulatory and compliance requirements - Emerging technologies with

its related risks and controls - Cyber-crimes - case laws - Core Banking Systems: Components and

Architecture of CBS and related risks and controls -

Unit 5 Business Productivity Software Types of business productivity software, skill

development in select software including Microsoft Office

Course Outcome


Describe and distinguish the various types of business information systems and their roles in

running a business organization.

Use the automated process in businesses

Understand the financial and accounting system

Get a grasp of E-Commerce and M-Commerce and emerging technologies

Develop expertise in using business software MS-Office

Suggested Readings

Ellen F. Monk, Joseph A. Brady, and Emilio I. Mendelsohn, Problem- Solving Cases in Microsoft

Access & Excel, Cengage Learning

Leon, A., and Leon, M. Fundamentals of Information Technology. Leon. Vikas (4) Software manuals

Kenneth E. Kendal and Julie E. Kendall, Systems Analysis and Design, Pearson Publication

Ralph M.Stair and George W. Reynolds, Fundamentals of Information Systems, Cengage Learning,

New York

Keri E. Pearlson, Carol S. Saunders and Dennis F. Galletta, Managing and Using Information Systems:

A Strategic Approach, 6th Edition, John Wiley & Sons

Rajaraman, V. Introduction lo Information Technology, Prentice Hall of India

.

COMPANY LAW


GEC 3 2 0 4

Course Objective

The objective of the course is to teach the students the provisions of Indian Companies Act, 2013

and rules and procedures framed thereunder


Unit 1 Companies Act 2013: Key Definitions in the Act – Incorporation of a company – formation –

steps in incorporation – incorporation of one-person company – formation of companies with

charitable objects – Effect of registration – Memorandum of Association – Doctrine of Ultra vires –

Articles of Association – Doctrine of Indoor Management – Effect of memorandum and Articles –

Alternation of Memorandum - Alternation of Articles – Registered Office of the Company –

Commencement of Business - rectification of name of the company – Conversion of companies -

characteristics of a company - common seal - lifting of corporate veil - types of companies including

private and public company- government company- foreign company-one-person company-small

company-associate company-dormant company- producer company - association not for profit -

illegal association - formation of company- promoters and their legal position-pre incorporation

contract and provisional contracts - on-line registration of a company. Documents: Memorandum of

association and its alteration-articles of association and its alteration doctrine of constructive notice

and indoor management.

Unit 2 Board of Directors : Classification of directors- additional- alternate and adhoc director -

women directors-independent director- small shareholders' director - director identity number (DIN)

- appointment-who can appoint a director- disqualifications- removal of directors - legal position

powers and duties - key managerial personnel-managing director-manager - meetings of

shareholders and board - types of meeting convening and conduct of meetings - requisites of a valid

meeting - postal ballot - meeting through video conferencing - e-voting - committees of board of

directors - audit committee - nomination and remuneration committee- stakeholders relationship

committee- corporate social responsibility committee; prohibition of insider trading. Committees,

Governance related provisions

Unit 3 Management and administration: Maintenance of registers – register of Members – foreign

register – register of significant beneficial owners – power to close register – annual return –

Meeting: pre-requisites – notice – quorum – chairman – proxies – voting – restrictions on voting

rights – voting by show of hands – electronic voting – demand for poll – postal ballot – circulation of

members’ resolution – resolutions – ordinary and special resolutions – resolutions requiring special

notice – Minutes – Meetings – Annual General Meeting – Extra ordinary General Meeting –– Books of

accounts: maintenance in electronic form – persons responsible for maintenance – financial

statement – consolidation of financial statements – reopening of accounts – voluntary revision of

financial statements – National Financial reporting Authority – Board of Directors report – corporate

social responsibility – entitlement to financial statements – filing of financial statements – Internal

Audit – Dividends- Accounts-Audit: Provisions relating to payment of dividend- Declaration and

payment of dividend: meaning – types – provisions – sources – transfer of reserves – unpaid dividend

– Investor Education and Protection Fund – right of dividend – punishment for failure to distribute

dividend provisions relating to books of account-provisions relating to audit-auditors' appointment-

rotation of auditors-auditors' report secretarial standards and secretarial audit on-line filing of

documents-winding up - concept and modes of winding up

Unit 4 Prospectus and allotment of securities: Public offer and placement – prospectus – Contents –

public offer of securities in dematerialized form - shelf prospectus – re-herring prospectus abridged

prospectus – deemed prospectus - book building – offer of sale of shares – securities to be dealt with

in stock exchanges – allotment of securities – misstatement in prospectus – civil and criminal liability

– class action suite – punishment for fraud – private placement – Share capital and debentures:

share capital – meaning – types – shares with differential rights – calls in advance – issue of shares at

premium or at discount – application of share premium account – prohibition of issue of shares at a

discount – sweat equity shares – issue and redemption of preference shares – transfer and

transmission of securities - alteration of share capital – issue of bonus shares – reduction of share

capital – buy back of securities – debentures: meaning – issue

Unit 5 Acceptance of deposits by companies: Concept of deposit – depositor – eligible company –

prohibitive provisions and exempted companies – acceptance of deposits from members – provisions

– punishment for the contravention of section 73 or 76 – repayment of deposits – Registration of

charges: definition and types of charge – duty to register charges – application for registration of

charges – deemed notice of charge - powers of the Registrar – intimation of appointment of Receiver

or manager – punishment for contravention - Other provisions and Secretarial practice Inspection,

Inquiry and Investigation Compromises, Arrangements and Amalgamations Prevention of Oppression

and Mismanagement Winding Up Compounding of offences, Adjudication, Special Courts. National

Company Law Tribunal and Appellate Tribunal, Miscellaneous provisions, Secretarial Practice -

Drafting of Notices, Resolutions, Minutes and Reports

Course Outcome


Gain knowledge of the basic provisions of the Indian Companies Act, 2013 and

rules

Get a significant knowledge on the aspects pertaining to the appointment,

qualifications and disqualifications etc of directors

Make arrangement for conduct of a meeting of a company

Prepare a draft prospectus

Know the nuances of acceptance of deposits by companies

Suggested Readings

Books

Avtar Singh. Company Law. Eastern Book Company

Datta, Company Law; Lexis Nexis, Butterworths Wadhwa

Ramaiya. Guide to the Companies Act; Lexis Nexis, Butterworths Wadhwa

Garg, R.C. Chawla, Vijay Gupta. Company Law; Kalyani Publishers

Majumdar, Dr. G.K. Kapoor, Sanjay Dhamija. Company Law and Practice; Taxman

Kannal, S., & Sowrirajan, V.S. Company Law Procedure. Taxman

Sharma, J.P. An Easy Approach to Corporate Laws. Ane Books Pvt. Ltd., New Delhi

Singh, Harpal. Indian Company Law. Galgotia Publishing, Delhi.

Bare Act

Companies Act, 2013

EXTRA ACADEMIC ACTIVITY


AEA 0 0 0 1

A student shall earn 1 credit in semester I under this course category. The credit may be

earned by a student by involving in a variety of student-related activities which may include

NSS, NCC, cultural activity, sporting, Commerce Club activities, Essay writing, oratorical

competition, quiz competition, community activity, etc